2006-08-18 11:47:07 · 4 answers · asked by SCOTT T 1 in Business & Finance ➔ Taxes ➔ United States
generally no if it is your only source of income. however if teh government determines your total income exceeeds a threshold 1/2 of it is taxable. from the irs web site:
The 2005 base amounts are:
• $32,000 for married couples filing jointly
• $25,000 for single, head of household, qualifying widow/widower with a dependent child or married individuals filing separately who did not live with their spouses at any time during the year
• $0 for married persons filing separately who lived together during the year
For additional information on the taxability of Social Security benefits, see IRS Publication 915, Social Security and Equivalent Railroad Retirement Benefits. Publication 915 is available on the IRS Web site at IRS.gov or by calling 1-800-TAX-FORM (1-800-829-3676).
2006-08-18 12:49:21 · answer #1 · answered by sipis 1 · 1⤊ 0⤋
There are no taxes on your social security check.
2006-08-18 19:06:59 · answer #2 · answered by nicedayrus 2 · 0⤊ 1⤋
yes, If the amount received is over the minimum required that taxes be paid on.
2006-08-18 18:57:16 · answer #3 · answered by kny390 6 · 0⤊ 0⤋
Well in stores yeah
2006-08-21 15:33:24 · answer #4 · answered by ancer 3 · 0⤊ 0⤋